Respond to Bush’s ‘Rescue Plan’ speech

President Bush just gave an address to the nation in which he described his “rescue plan” for our battered economy (he carefully avoided the term “bailout”).

The details have already been widely reported. On the table is a $700 billion bailout for the battered financial industry. He’s also invited the two major party presidential candidates to Washington to discuss the proposal on Thursday.

Bush used a lot of doomsday-type language during his short speech but ultimately declared that “democratic capitalism is the best system ever devised,” adding that the economy would pick up if the government takes decisive action.